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Deductions & credits
Thank you, but my income did not go up or down, it stayed about the same. I didn't find out until I went to file my 2019 taxes that one of my dependents no longer qualified and this caused my taxes to go up. I guess that I could stay up to date on tax law to a degree that I would know that change was coming, but that's why I pay Turbo Tax to do my taxes for me.
To be clear I have no issue with paying the extra tax, just the penalty - because a change I didn't know about and that my tax software that I paid for didn't predict shouldn't be penalized. There is no place in the Turbo Tax software for me to explain what happened, and I can't remove or dispute the penalty. I want Turbo Tax to improve on this so that people aren't getting blindsided with penalties they can do nothing about.